Purchase price: $15,000 Cash invested: $25,000 Sub to deal - paid the seller and wholesaler $15,000 + $7500 closing costs to assume $84,000 mortgage with a monthly PITI of $575.

Hi @Elias Halvorson,Both markets offer lower costs of entry and opportunities for cash flow.

The ones with really good reviews, and a high amount of reviews usually cost a little more, but do a good job.  

Be sure to factor in property management costs, repairs, and potential vacancy periods.

My current solution of using Baselane is by far the most cost effective and easiest, but it still requires that I spend time bookkeeping.

If they tenant is $300 below market, that's costing you $3,600 a year.

A CPA who specializes in partnership issues can also likely talk through these issues with you.3) Depending on the size of the deal - Keep It Simple - the number of really complex agreements that come across my desk for a $500k property is crazy, and it ends up costing as much to do those tax returns as a comparable $5m deal

Given that the property was worth $390K in its current condition, I saw an opportunity to make the numbers work while keeping my upfront costs low.Instead of increasing my cash offer, I negotiated a $25K down payment with the seller carrying the balance for two years through owner financing.

I am putting in a link to something that may be help, a cost of living comparison calculator (https://www.bankrate.com/real-estate/cost-of-living-calculat...). 

Do you work with any specialty tax firms to help us small business owners get access to R&D tax credits, cost segregation and other specialty tax credits?